Company Valuation: IGB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,772 2,091 2,965 3,559 4,048 4,694 - -
Change - 18% 41.83% 20.04% 13.73% 15.96% - -
Enterprise Value (EV) 1,772 2,091 2,965 3,559 4,048 4,694 4,694 4,694
Change - 18% 41.83% 20.04% 13.73% 15.96% 0% 0%
P/E 11.2x 13.2x - 8.61x 11.2x 6.45x 11.8x 11.5x
PBR 0.46x 0.56x 0.74x - 0.91x 0.91x 0.84x 0.81x
PEG - 20.98x - - -0.9x 0x -0.3x 3.83x
Capitalization / Revenue 1.9x 1.62x 1.86x - 2.12x 2.3x 2.23x 2.13x
EV / Revenue 0x 0x 0x - 0x 2.3x 2.23x 2.13x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x - 0x 3.68x 5.63x 5.32x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0667 0.0444 0.0333 - - 0.08 0.08 0.08
Rate of return 7.65% 4.31% 2.27% - - 3.39% 3.39% 3.39%
EPS 2 0.0779 0.0784 - 0.2074 0.1813 0.366 0.2 0.206
Distribution rate 85.6% 56.7% - - - 21.9% 40% 38.8%
Net sales 1 930.1 1,291 1,597 - 1,912 2,044 2,105 2,200
EBITDA - - - - - - - -
EBIT 1 469.8 478.3 730.8 - 867.7 1,275 833.3 882.5
Net income 1 161.8 159.1 - 416.2 361 729.3 398.3 409.6
Net Debt - - - - - - - -
Reference price 2 0.871 1.031 1.467 1.787 2.033 2.360 2.360 2.360
Nbr of stocks (in thousands) 2,033,826 2,027,567 2,021,721 1,992,147 1,990,732 1,988,880 - -
Announcement Date 25/02/22 22/02/23 29/02/24 26/02/25 27/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.45x - - 3.39% 1.17B
13.22x14.97x15.56x5.22% 13.19B
53.84x16.1x27.49x0.17% 7.1B
130.39x15.79x23.96x2.26% 3.45B
10.72x6.26x8.25x3.79% 2.58B
14.14x5.74x7.75x13.25% 2.54B
9.59x6.71x10.88x1.92% 2.28B
18.48x14.33x21.65x2.83% 1.69B
Average 32.10x 11.41x 16.50x 4.1% 4.25B
Weighted average by Cap. 33.26x 13.30x 17.83x 3.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield